Discover President Roger Hochschild, testifying at a government antitrust trial of American Express in federal court in Brooklyn, N.Y., said his company tried to offer low interchange rates in the late 1990s and then gave up because bigger, higher-cost rivals had too much market power.

In the world of official corporate comments, give peer-to-peer lender Lending Club a gold star. A rival firm, Upstart, says that one of its co-founders, Paul Gu, applied to Lending Club for a loan and was offered a high interest rate, but Lending Club challenged that tale in a humorous rebuttal.

Amazon.com is accused in a lawsuit filed Thursday of billing customers millions of dollars in charges racked up unknowingly by children.

Applications for loans to purchase newly constructed homes were down 5% in June from the month before, according to Mortgage Bankers Association data.

The Consumer Financial Protection Bureau has reached a $10 million settlement with payday lender ACE Cash Express over allegations that it used illegal debt collection practices.

Banks approved a greater portion of small-business loan applications in June compared with last year, an indicator of an improving economy, according to a Biz2Credit study issued this week.

Bank of America, Citigroup and Wells Fargo won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst.

Home Federal Bancorp of Louisiana (HFBL) in Shreveport, La., has hired a new chief financial officer.

The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, according to a new report by the American Bankers Association.

The Texas-based lender, charged with various illegal debt collection tactics, has responded to the action.

Cadence Bancorp in Houston has raised $245 million in an oversubscribed debt issuance.

From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

VSB Bancorp (VSBN) in Staten Island, N.Y., reported higher quarterly profit on lower expenses and higher-yielding securities investments.

Push notifications offer banks and credit card issuers a unique way to communicate with a generation that's skeptical of the financial industry but fond of technology and hungry for deals.

The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, though a key figure rose slightly from the fourth quarter. Meanwhile, payments on home equity lines fell to their lowest level in five years, according to a new ABA report.

Julian Castro, who was confirmed as the new secretary for housing and urban development, is bound to face continued industry lobbying to lower premiums paid to the Federal Housing Administration.

Creative alternatives to overdrafts are not the sole domain of big banks.

New York banks have been worried that Mayor Bill de Blasio's plans for affordable housing would hurt multifamily lending. But two recent city political decisions have been favorable for banks, and some CEOs say they're hopeful now.

OptimumBank Holdings (OPHC) in Fort Lauderdale, Fla., is optimistic that raising roughly $850,000 will help it remain on the Nasdaq.

Berkshire Hills Bancorp recently recruited William Ryan, retired TD Banknorth CEO, leading some observers to discuss what role he might play in the Massachusetts company's growth plans.